Cigars Market Size, Share Global Analysis Report, 2020–2026

Industry Insights

The Cigars market report analyzes and notifies the industry statistics at the global as well as regional and country levels in order to acquire a thorough perspective of the entire Cigars market. The historical and past insights are provided for FY 2016 to FY 2019 whereas projected trends are delivered for FY 2020 to FY 2026. The quantitative and numerical data is represented in terms of both volume (Million Units) and value (USD Million) from FY 2016 – 2026.

This specialized and expertise-oriented industry research report scrutinizes the technical and commercial business outlook of the Cigars industry. The report analyzes and declares the historical and current trends analysis of the Cigars industry and subsequently recommends the projected trends anticipated to be observed in the Cigars market during the upcoming years.

Key Insights from Primary Research

• Equally major respondents, the market for Cigars is set to grow annually at a rate of around 8%.
• In terms of Value, the global cigars Market was at 9,400.00 Million in 2016 and is expected to reach 2,100.00 Million by 2026.
• In terms of Volume, the global cigars Market at 9,40.00 Million Units in 2016 and is expected to reach 2,200.00 Million Units by 2026
• It was established over the primary research that the global cigars market was valued at around USD 1,100.00 Million in 2019.
• Based on type segmentation, the “Hand-Made Cigar” category accounted for around CAGR 7%, in 2019.

Key Recommendations from Analysts

• As per our analysis, the North American market is estimated to grow at a 27% share during 2019-2026
• China Growing at a CAGR of around 17%, and the cigars market increasing the number of local players is estimated to enhance future demand.
• China is one of the protuberant markets for quality cigars and is anticipated to develop into the largest market.
• The Raw Material costs contain that is attached to materials that are purchased by its raw materials, business, manufacturing supplies parts, and components.
• The Pricing Strategy of the market is that Consumer prices depend on the value perception of the consumer in a particular segment.

The quantitative data is further underlined and reinforced by comprehensive qualitative data which comprises various across-the-board market dynamics. The rationales which directly or indirectly impact the Cigars industry are exemplified through parameters such as growth drivers, restraints, challenges, and opportunities among other impacting factors.

Throughout our research report, we have encompassed all the proven models and tools of industry analysis and extensively illustrated all the key business strategies and business models adopted in the Cigars industry. The report provides an all-inclusive and detailed competitive landscape prevalent in the Cigars market.

The report utilizes established industry analysis tools and models such as Porter’s Five Forces framework to analyze and recognize critical business strategies adopted by various stakeholders involved in the entire value chain of the Cigars industry. The Cigars market report additionally employs SWOT analysis and PESTLE analysis models for further in-depth analysis.

The report study further includes an in-depth analysis of industry players' market shares and provides an overview of leading players' market position in the Cigars sector. Key strategic developments in the Cigars market competitive landscape such as acquisitions & mergers, inaugurations of different products and services, partnerships & joint ventures, MoU agreements, VC & funding activities, R&D activities, and geographic expansion among other noteworthy activities by key players of the Cigars market are appropriately highlighted in the report.

Smoking is an exercise now in which an element is scorched and the consequential smoke inhaled to remain tasted and engrossed into the bloodstream. Furthermost, the element recycled is the dried leaves of the tobacco plant, which remained revolved to the minor square of rice paper to produce a small, round cylinder so-called a "cigarette".

Increasing smoking habits amongst the affluent, populace, lifestyles, culture shifts, and aggregate usage of improved technology for the growth of innovative cigars are majorly powerful cigar consumption. Flavored cigars are an achievement of popularity among young and adult people and are measured as a status symbol.

The Cigars market research report delivers an acute valuation and taxonomy of the Cigars industry by practically splitting the market on the basis of different types, applications, and regions. Through the analysis of the historical and projected trends, all the segments and sub-segments were evaluated through the bottom-up approach, and different market sizes have been projected for FY 2020 to FY 2026.

The regional segmentation of the Cigars industry includes the complete classification of all the major continents including North America, Latin America, Europe, Asia Pacific, and the Middle East & Africa. Further, country-wise data for the Cigars industry is provided for the leading economies of the world.

The cigars market is segmented based on type and end-user. On the basis of type segmentation, the market is bifurcated into Machine-Made cigars and Hand-Made Cigars. In terms of End-User segmentation, the market is bifurcated into Male Smokers and Female Smokers.

Report Scope

Some of the essential players operating in the Cigars market include:

•  Burger Group
•  Altria Group
•  Imperial Tobacco Group
•  China Tobacco
•  Swedish Match
•  Cortès cigars
•  Swisher International
•  Agio Cigars
•  Scandinavian Tobacco Group
•  Habanos
•  Perdomo cigars
•  Oliva cigars

The taxonomy of the cigars industry by its scope and segmentation is as follows:

By Type Segmentation Analysis (Customizable)

• Machine-Made Cigar
• Hand-Made Cigar

By End-User Segmentation Analysis (Customizable)

• Male Smokers
• Female Smokers

Regional Segmentation Analysis (Customizable)

• North America
  • The U.S.
  • Canada
• Europe
  • Germany
  • The UK
  • France
  • Spain
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of the Middle East & Africa